Home

Weblog

Property

NationEjobs

What's On

Back Issue








Wed, March 21, 2007 : Last updated 21:22 pm (Thai local time)



Lite version


Printable version


E-mail this article


Bookmark



Web

The Nation




Home > Business > Industry Ministry to ask for Bt10 bn for fiscal 2008





Industry Ministry to ask for Bt10 bn for fiscal 2008

The Industry Ministry has proposed a spending budget of Bt10 billion for fiscal 2008.

The government has approved about Bt7 billion for the Industry Ministry and the Office of Small and Medium Enterprises Promotion for fiscal 2007.

Deputy Industry Minister Piyabutr Cholvijarn said most of the budget would be spent on boosting competitiveness among small and medium-sized enterprises (SMEs) and managing natural resources and the environment.

It has drawn up six strategic themes for the new fiscal budget:

l It will assign the Industrial Economics Office for all productivity projects.

l It will cooperate with the Science and Technology Ministry in encouraging intellectual property in the industrial sector.

l After it has joined the Federation of Thai Industries to improve competitiveness in the rubber and printing industries this year, it plans to increase other industries' competitiveness, especially those of SMEs, concentrating on urging operators to retrofit their machines rather than buying new ones, in order to reduce the country's machine-import bill.

l The ministry will speed up creating awareness among operators nationwide about new standards.

l It will focus on control plants in the industrial sector and promote industrial operators to create environmentally friendly production systems.

Piyabutr said all strategies would force industrial operators to adapt themselves and boost their ability to compete with other countries, particularly China and India.

Moreover, the Industry Ministry is considering granting incentives for operators who agree to reveal information about pollution emission and allow authorities to check their plants anytime.

The Thai government is presently considering the spending budget for fiscal 2008.

Last weekend, it had a 10-hour discussion on the issue. While government agencies proposed a total spending plan of Bt2 trillion, the government is expected to spend only Bt1.63 trillion, an increase of 4.4 per cent from this year. Government agencies have been told to prioritise their spending plans and cut unnecessary projects.

Chalida Ekvitthayavechnukul

The Nation








Most Popular Business Stories


Rise in line with other units: BOT

Worried exporters face acid test

Hi-tech factory designed to cut pollution

ING Funds all set to sell 50 per cent stake

Oil prices to rise over US-Iran tensions


Home
I
Web Blog
I
Shopping
I
NationEjobs
I
Job Search
I
Web Directory
I
Back Issue


E-mail Us

I


Feed Back

I


Terms & Conditions

I


Advertisements

I


Site Map

Privacy Policy © 2006 www.nationmultimedia.com
44 Moo 10 Bang Na-Trat KM 4.5, Bang Na district, Bangkok 10260 Thailand
Tel 66-2-325-5555, 66-2-317-0420 and 66-2-316-5900 Fax 66-2-751-4446
Contact us: Nation Internet
File attachment not accepted!